Gresham House Energy Storage (LON:GRID) Insider Buys 20,200 Shares of Company Stock

Gresham House Energy Storage (LON:GRID) insider Isabel Liu acquired 20,200 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were bought at an average price of GBX 98 per share, with a total value of £19,796.

Gresham House Energy Storage Stock Performance

GRID stock traded up GBX 0.20 during trading on Friday, hitting GBX 98.40. The stock had a trading volume of 645,962 shares, compared to its average volume of 621,886. The stock has a market cap of £559.96 million, a price-to-earnings ratio of 24.00 and a beta of 0.03. The company’s 50 day moving average price is GBX 96.54 and its two-hundred day moving average price is GBX 85.48. Gresham House Energy Storage has a 1-year low of GBX 66.90 and a 1-year high of GBX 104.50.

Gresham House Energy Storage (LON:GRID) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.63) EPS for the quarter. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%. As a group, sell-side analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GRID shares. Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a report on Wednesday, September 2nd. Royal Bank Of Canada lifted their price objective on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a “sector perform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 85.

Gresham House Energy Storage Company Profile

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.